PRC-1 · Chapter 4 · Question 75 of 100
In accounting terminology, when a landlord refers to rent being 'in arrears', this is synonymous with:
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: D) Accrued rent
Explanation
Rent in arrears means the rent is owed by the tenant for a past period. For the landlord, it is an accrued rental income (a receivable).
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